This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Altman Z-Score, Trailing 12 Months: 2.34Altman Z-Score, Last Fiscal Year: 2.26Carrols Restaurant Group (TAST)
Carrols Restaurant Group saw its Z-Score improve in the trailing 12 months. Its score keeps the operator of Pollo Tropical and Taco Cabana restaurants in the gray area, and not necessarily headed for bankruptcy anytime soon.
Carrols, which is also a franchisee of
Burger King restaurants, has been looking for franchisees of its own to expand its Pollo Tropical chain in the United Kingdom, banking on brand recognition from the large number of British tourists who travel to the Caribbean-inspired restaurant concept's home state of Florida.
In its recent quarter,
Carrols beat profit expectations, boosted by double-digit same-store sales growth at Pollo Tropical restaurants.
Still rising costs for a roster of ingredients led Carrols to say it would raise menu prices at all of its brands to help maintain margins and offset higher inflation.
Carrols earned $2.2 million, or 10 cents per share, in the quarter, down from $2.3 million, or 11 cents per share, in the year-earlier period. Excluding items, earnings came in at 14 cents per share, topping expectations by 2 cents.
Revenue rose 1.1% to $197.2 million. Same-store sales jumped 13.5% at Pollo Tropical.